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Crude has flirted with the 50% retracement level several times over the past 8 months and currently is making its best run at a breakout. The 50% line comes into play at $90! As most have noticed, Crude Oil and stocks have had a fairly high correlation over the past many months, with both peaking in April of this year. Now are we about to see upside breakouts in both?
Game Plan…Want to be an owner of Crude Oil on an upside breakout. Will create follow-up posts per taking action on this asset.